GBP USD - Bull target imbalances
Hello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy.
Please do not take this as face value.
Master Key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
What is the chart currently showing us?
The current situation for the 4 hour chart shows us some good offerings within a trading range. There are lower time imbalances at play - where price has been consolidating. But has now broke our range high and produced a rising channel.
The Fibonacci from the range low to the range high - saw a nice retracement to the 61.8% to 1.356 zone.
From here, price is now at the extension -0.272 where price will look to find a new support and break through to the new targets.
Where will price take us from here?
The USD will continue to see a deepening soft dollar, which is what the US want right now to keep pushing the stocks into 2021 with cheaper import/exports as a major player. Furthermore a cheaper dollar will boost 2021 visitors to the US and see Gold rushed to as a hedge of inflation .
GBP we have a weekly zone the pound has now surpassed creating a good new daily demand to move further.
The monthly zone towards 1.50 as our target for a position buy. Before this zone [see our main chart] on the daily to take us to 1.44 on our weekly zone.
Here is our previous analysis whereby price is moving towards the upper imbalances.
When it comes to the USD, we have now been seeing continued devaluing of the USD into 2021 with the Biden administration.
The FED injecting 22% of all USD in circulation within one year.
A Staggering amount of est 9T USD was injected to save the US from collapse, despite its ever mounting debt of as it stands 11. 01 .2021
27.775T USD
usdebtclock.org/index.html
The question remains as the USD loses value - in order to promote cheaper investment and more prospects for cheaper imports - the country will have a real issue with the constant cycle of financing debt upon debit.
With the Global fiscal policy to remain between 1.5-2% - this should keep the FED side lined for a few years monitoring the US and world economy.
What we would expect to see will be the growth of EM and commodity based countries in terms of FX to continue the growth against the USD.
Why is the GBP USD continuing to climb?
The weekly zone has now been intact within the weekly zone showing a good price engineering move which took 'steam' off the the bulls with a healthy retrace.
See the monthly chart to show the clear imbalances:
Whilst fundamentals are important, it's clear to understand that the key levels of inefficiencies where the chart shows us key levels.
For example, a previous bull run after 'Brexit announcement'
- see the 2017, 2018 bull run.
If you enjoyed our work, please ask us a question.
Why follow us?
10 years combined analysis experience in world markets.
Technical breakdowns using our strategy
Ignore majority of fundamentals.
Trade for swing, positional trades.
Update our explanations where we can.
Keeping things simple for ourselves and you.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
A Note before reading - this is a forecast analysis - based upon our trading strategy.
Please do not take this as face value.
Master Key:
Purple = weekly
Blue = Monthly
Orange = Daily
grey = 4hour
pink = 1 hour
What is the chart currently showing us?
The current situation for the 4 hour chart shows us some good offerings within a trading range. There are lower time imbalances at play - where price has been consolidating. But has now broke our range high and produced a rising channel.
The Fibonacci from the range low to the range high - saw a nice retracement to the 61.8% to 1.356 zone.
From here, price is now at the extension -0.272 where price will look to find a new support and break through to the new targets.
Where will price take us from here?
The USD will continue to see a deepening soft dollar, which is what the US want right now to keep pushing the stocks into 2021 with cheaper import/exports as a major player. Furthermore a cheaper dollar will boost 2021 visitors to the US and see Gold rushed to as a hedge of inflation .
GBP we have a weekly zone the pound has now surpassed creating a good new daily demand to move further.
The monthly zone towards 1.50 as our target for a position buy. Before this zone [see our main chart] on the daily to take us to 1.44 on our weekly zone.
Here is our previous analysis whereby price is moving towards the upper imbalances.
When it comes to the USD, we have now been seeing continued devaluing of the USD into 2021 with the Biden administration.
The FED injecting 22% of all USD in circulation within one year.
A Staggering amount of est 9T USD was injected to save the US from collapse, despite its ever mounting debt of as it stands 11. 01 .2021
27.775T USD
usdebtclock.org/index.html
The question remains as the USD loses value - in order to promote cheaper investment and more prospects for cheaper imports - the country will have a real issue with the constant cycle of financing debt upon debit.
With the Global fiscal policy to remain between 1.5-2% - this should keep the FED side lined for a few years monitoring the US and world economy.
What we would expect to see will be the growth of EM and commodity based countries in terms of FX to continue the growth against the USD.
Why is the GBP USD continuing to climb?
The weekly zone has now been intact within the weekly zone showing a good price engineering move which took 'steam' off the the bulls with a healthy retrace.
See the monthly chart to show the clear imbalances:
Whilst fundamentals are important, it's clear to understand that the key levels of inefficiencies where the chart shows us key levels.
For example, a previous bull run after 'Brexit announcement'
If you enjoyed our work, please ask us a question.
Why follow us?
10 years combined analysis experience in world markets.
Technical breakdowns using our strategy
Ignore majority of fundamentals.
Trade for swing, positional trades.
Update our explanations where we can.
Keeping things simple for ourselves and you.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
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